empty
 
 
25.07.2022 06:04 AM
Elloitt wave analysis of EUR/USD for July 25, 2022

This image is no longer relevant

EUR/USD broke below support at 1.0153 which told us that wave i was completed with the test of 1.0269 and the corrective decline/consolidation in wave ii was unfolding. Apparently, this wave ii's correction completed with the test of 1.0130 and we should ideally see resistance at 1.0269 be broken for a rally towards at least 1.0643 and possibly even higher than that.

Support is now seen in the 1.0176 - 1.0182 area which ideally will act as a pivot point for the next rally towards and likely break above resistance at 1.0269.

EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

GBP/USD. Analysis for March 30, 2023

The wave analysis for the pound/dollar pair now appears challenging, but it does not call for any clarifications. There are some differences between the wave patterns of the euro

Chin Zhao 16:44 2023-03-30 UTC+2

EUR/USD. Analysis for March 30. The euro continues to build an upward set of waves

The last upward wave has caused more confusion with the wave analysis on the 4-hour chart for the euro/dollar pair. Given that the previous descending segment can be viewed

Chin Zhao 16:12 2023-03-30 UTC+2

Elliott wave analysis of EUR/JPY for March 30, 2023

The long-term picture of EUR/JPY shows that a multi-year triangle completed with the test of 114.20 in May 2020 and a new impulsive rally was initiated. This rally has much

Torben Melsted 07:45 2023-03-30 UTC+2

Elliott wave analysis of USD/JPY for March 30, 2023

Today we will take a view of the long-term picture of USD/JPY. After the peak in October 2022 at 151.94, we have seen wave A move lower to test support

Torben Melsted 07:37 2023-03-30 UTC+2

GBP/USD. Analysis for March 29. The pound continues to form an unclear wave

The wave analysis for the pound/dollar pair now appears challenging, but it does not call for any clarifications. There are some distinctions between the wave patterns of the euro

Chin Zhao 17:51 2023-03-29 UTC+2

EUR/USD. Analysis for March 29. The market is waiting for a new acceleration of core inflation in the European Union.

The final upward wave continues to confuse the wave pattern on the 4-hour chart for the euro/dollar pair. Since the previous downward trend segment can be viewed as a three-wave

Chin Zhao 17:31 2023-03-29 UTC+2

Elliott wave analysis of EUR/USD for March 29, 2023

EUR/USD has rallied nicely of the 50% corrective target at 1.0723 and is currently testing short-term important resistance at 1.0840. A clear break above here will confirm that the correction

Torben Melsted 07:39 2023-03-29 UTC+2

GBP/USD. Analysis for March 28, 2023

The wave analysis for the pound/dollar pair currently appears to be challenging but does not call for any clarifications. There are some distinctions between the wave patterns of the euro

Chin Zhao 20:10 2023-03-28 UTC+2

EUR/USD. Analysis for March 28, 2023

The last upward wave has caused more confusion with the wave analysis on the 4-hour chart for the euro/dollar pair. Given that the previous downward segment can be viewed

Chin Zhao 19:14 2023-03-28 UTC+2

Elliott wave analysis of UNG for March 28, 2023

Our proxy for Natural Gas, UNG, made a new lower low yesterday opening for a move closer to 6.00 as long as resistance at 7.88 is able

Torben Melsted 07:06 2023-03-28 UTC+2
Can't speak right now?
Ask your question in the chat.